Daily Digital Magazine: Pg. 1 — February 12, 2019

Yilport announces 5 percent growth in container handling

The company’s Latin American container handling grew 23 percent year-over-year.

   Yilport Holding announced Monday its worldwide terminals handled 6.41 million TEU containers in 2018, a 5 percent growth over its 2017 volume, according to a press release.
   The company’s Latin American container handling volume grew 23 percent from 2017 to 380,276 TEUs.

Yilport announces 5 percent growth in container handling

The company’s Latin American container handling grew 23 percent year-over-year.

Yilport announces 5 percent growth in container handling

The company’s Latin American container handling grew 23 percent year-over-year.

 
Continued from previous page
   Yilport Holding announced Monday its worldwide terminals handled 6.41 million TEU containers in 2018, a 5 percent growth over its 2017 volume, according to a press release.
   The company’s Latin American container handling volume grew 23 percent from 2017 to 380,276 TEUs.
   Turkey’s Yilport Gebze and Yilport Gemlik terminals both recorded an 11 percent year-over-year increase in 2018. The former handled 554,223 TEUs and the latter 524,652 TEUs.
   Iberian terminal Yilport Leixões grew 6 percent to 660,835 TEUs despite overall Iberian container volume remaining flat, according to the release.
   Yilport’s Nordic terminal portfolio in Sweden and Norway grew 2 percent to 474,535 TEUs. General cargo in the region grew 8 percent to 2.22 million tons.
   Last year, Yilport Holding, a port management and logistics subsidiary of Yildrim Group, terminals also recorded 11.86 million tons of general cargo volume, 444,973 CEUs of ro-ro operations and 3.51 million cubic meters of liquid cargo volume, according to the press release.
   Yilport Holding operates 21 marine ports in nine countries. The Mississippi State Port Authority signed a letter of intent last April with the Turkey-based terminal operator to discuss future port expansion and an exclusive lease.

Without wanting to be too alarmist, there is the potential for IMO 2020 to inspire another major carrier bankruptcy and/or trigger more defensive M&A.

Spot container rates from Shanghai to Rotterdam clocked in at $1,312 per FEU as of April 18, down from $1,431 per FEU four weeks prior, and down from $1,656 per FEU eight weeks prior, but still up 14 percent year-over-year, according to data from Drewry's WCI.

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Maersk acquires Vandegrift to grow customs brokerage

Maersk said its purchase will increase its North American customs staff from 80 to 250.

Feb 12, 2019 on Dec 27, 2018AmericanShipper.com